Advent Convertible and Income Fund
AVK
89 hedge funds and large institutions have $129M invested in Advent Convertible and Income Fund in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 33 increasing their positions, 27 reducing their positions, and 9 closing their positions.
35% more capital invested
Capital invested by funds: $95.3M → $129M (+$33.4M)
22% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 27
6.59% more ownership
Funds ownership: 26.98% → 33.57% (+6.6%)
2% less funds holding
Funds holding: 91 → 89 (-2)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$17.8M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.23M |
| 3 |
Koshinski Asset Management
Decatur,
Illinois
|
+$1.81M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$1.75M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$997K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.29M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$997K |
| 3 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$774K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$515K |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
-$238K |
AVK Hedge Fund Activity: Q4 2023 in Review
89 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2023, worth a combined $129M — up 35% from $95.3M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of AVK and 8 opened new positions — a net loss of 1 holder — while 27 trimmed existing stakes and 33 added.
The largest buyer was Morgan Stanley, adding an estimated $17.8M. The largest seller was Advisors Asset Management, cutting an estimated $1.29M.
- 89 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2023, down from 91 in Q3 2023.
- Funds reported $129M of Advent Convertible and Income Fund stock for Q4 2023, up 35% quarter-over-quarter.
- 8 funds opened new Advent Convertible and Income Fund positions in Q4 2023 and 9 closed out, a net change of -1 holder.
- The largest Advent Convertible and Income Fund buyer in Q4 2023 was Morgan Stanley, an estimated $17.8M added.
- The largest Advent Convertible and Income Fund seller in Q4 2023 was Advisors Asset Management, an estimated $1.29M sold.
Based on aggregated 13F filings for Q4 2023.